cyber_Folks expects acquisition of Shoper to have positive impact on EPS over next few quarters

"From the point of view of EPS, i.e. earnings per share, the impact of the Shoper acquisition on this indicator was still negative in the second quarter. Nevertheless, I expect that this impact will become positive very quickly, within the next few quarters," CFO of cyber_Folks Robert Stasik told the press conference.

"On the one hand, this is due to the high growth rate – over 20 percent – of net profit at Shoper, which means that we expect Shoper's profit (...) to grow in each subsequent quarter, and on the other hand, we expect a very radical decrease in interest costs," he added.

The CFO pointed out that the decline in interest costs will result both from the cash flows generated by the group, which will cause the debt balance to decrease with each subsequent quarter, but also from the interest rate itself, which will also fall significantly.

The net debt/EBITDA ratio in the second quarter stood at 2.3.

"It is worth noting that all our companies, namely cyber_Folks, Vercom and Shoper, paid record dividends in the second quarter, totalling over PLN 100 million. We can see that despite the dividends paid out, the level of debt remained stable, and we expect this level of debt to start falling quite rapidly in the coming quarters," said Robert Stasik.

cyber_Folks posted an operating profit of PLN 50.8 million (EUR 10.7 mln) in the second quarter of 2025, against the PAP Biznes consensus for EBIT of PLN 49.4 million (EUR 10.4 mln). In this period, group's attributable net profit reached PLN 12.1 million (EUR 2.8 mln), nearly in line with market expectations of PLN 12.8 mln (EUR 3 mln). Revenues amounted to PLN 212 million (EUR 49.8 mln), in line with the consensus.

"Regarding net profit, this result fell year on year, with the reason for this decline being one-off events or costs. These are costs related to acquisitions and the restructuring that took place at Shoper, with the main factor being interest costs resulting from the loan that cyber_Folks took out to purchase Shoper shares," the group's CFO explained.

As reported, in the second quarter of 2025, revenues increased by 37 percent year on year, and adjusted EBITDA by 70 percent. The EBITDA margin reached 34 percent, up 6.5 percentage points year on year.

It was indicated that the growth engine was the cyber_Folks segment, which achieved nearly 50 percent profitability thanks to the introduction of new products (_Now, CDN), initial synergies with Shoper, and the implementation of AI-based technologies.

In the entire first half of 2025, group's revenues exceeded PLN 400 million (EUR 84 mln).

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